Technip Awarded New LNG Plant Contract in China, Building up Its Strong Expertise in Natural Gas Liquefaction

PARIS--(BUSINESS WIRE)--May 26, 2014-- 

Regulatory News:

Technip (Paris:TEC) (ISIN:FR0000131708) (ADR:TKPPY) has been awarded an engineering, procurement and technical assistance contract by Fengzhen Wanjie Gas Co. Ltd. for a liquefied natural gas (LNG) plant in Fengzhen City, Inner Mongolia Province, China. The plant will consist of 1.3 million Nm(3) /day(1) LNG train (0.35 Mtpa) and a 0.3 million Nm(3) /day Compressed Natural Gas (CNG) station.

The contract covers:

   -- basic engineering design (BED) of the process plant, 
 
   -- BED and detailed engineering design of a LNG tank, 
 
   -- procurement of key equipment such as the main cryogenic heat exchanger, 
      mixed refrigerant compressor, boil-off gas compressor, LNG in-tank pumps, 
      cryogenic control and on-off valves. 

The LNG plant will be based on an Air Products liquefaction process.

Technip's operating centers in Shanghai, China, and Kuala Lumpur, Malaysia, will execute the contract with plant start-up scheduled for the second half of 2016.

KK Lim, President of Technip in Asia Pacific, commented: "This contract award is another success for us in the growing mid-scale LNG market in China. I am delighted that Technip remains as the contractor of choice while we continue to bring our extensive knowledge in LNG to our clients."
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(1) 1.3 million Nm(3) /day corresponds to 0.35 Mtpa (Million tonnes per annum)
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Technip is a world leader in project management, engineering and construction for the energy industry.

From the deepest Subsea oil & gas developments to the largest and most complex Offshore and Onshore infrastructures, our 40,000 people are constantly offering the best solutions and most innovative technologies to meet the world's energy challenges.

Present in 48 countries, Technip has state-of-the-art industrial assets on all continents and operates a fleet of specialized vessels for pipeline installation and subsea construction.

Technip shares are listed on the NYSE Euronext Paris exchange and ADR is traded in the US on the OTCQX marketplace as an American Depositary Receipt (OTCQX: TKPPY).

 
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    SOURCE: Technip 
Copyright Business Wire 2014 
 

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